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DewDiligence

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DewDiligence

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Thursday, 06/01/2023 6:48:57 PM

Thursday, June 01, 2023 6:48:57 PM

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CAT’s CEO, Jim Umpleby said on today’s Bernstein webcast that mines operating with as few as 15-20 trucks can now benefit from autonomous equipment, despite the large capital investment (for new equipment and/or or retrofits).

Just a few years ago, a mine had to have 70 or more trucks to justify investing in autonomy, according to Umpleby.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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